If only I had known this earlier...

With a state government employee for a father, a homemaker for a mother, as their eldest child, I inherited their financial beliefs. A frugal and responsible mindset, a no-risk attitude, and insecurity and fear; that's what drove our financial decisions. My parents managed to give all of us a decent education, made a house by the time I was in college, and had a small nest-egg tucked away for a wedding or a higher education, if my siblings or I wanted it. In short, it was going good...or so we thought! Our naivety We never considered insurance, neither health nor life. As a government employee, my dad knew we'd be taken care of, should something unforeseen happen to him. Also, the government health facilities were available to us for free, all of them. So, why did we need insurance? Why waste money that could be saved

This article was originally published on May 18, 2023.